Topic: Swedish ASIC miner company kncminer.com - page 201. (Read 3049514 times)

I know, You know it .. but knc probably not take it personally.

Please line only LTC and the Pools we tell you to use 

Seriously, Titan cannot mine coins with fast blocks and quick diff changes. They can say it's not true all they want...BUT THEY KNOW IT'S TRUE.

 [2014-10-22 14:01:57] KNC 0[2-2] Flushing stale works (New work)
 [2014-10-22 14:01:58] KNC 0[2-3] Flushing stale works (New work)
 [2014-10-22 14:01:58] KNC 1[3-0] Flushing stale works (New work)
 [2014-10-22 14:01:58] KNC 1[3-1] Flushing stale works (New work)
 [2014-10-22 14:01:58] KNC 1[3-2] Flushing stale works (New work)
 [2014-10-22 14:01:59] KNC 1[3-3] Flushing stale works (New work)
 [2014-10-22 14:02:00] KNC 0[2-0] Flushing stale works (New work)
 [2014-10-22 14:02:00] KNC 0[2-1] Flushing stale works (New work)
 [2014-10-22 14:02:00] KNC 0[2-2] Flushing stale works (New work)
 [2014-10-22 14:02:01] KNC 0[2-3] Flushing stale works (New work)
 [2014-10-22 14:02:01] KNC 1[3-0] Flushing stale works (New work)
 [2014-10-22 14:02:01] KNC 1[3-1] Flushing stale works (New work)
 [2014-10-22 14:02:01] KNC 1[3-2] Flushing stale works (New work)
 [2014-10-22 14:02:02] KNC 1[3-3] Flushing stale works (New work)
 [2014-10-22 14:02:05] Stratum from pool 0 detected new block
 [2014-10-22 14:02:06] KNC 0[2-0] Flushing stale works (New work)
 [2014-10-22 14:02:06] KNC 0[2-1] Flushing stale works (New work)
 [2014-10-22 14:02:06] KNC 0[2-2] Flushing stale works (New work)
 [2014-10-22 14:02:07] KNC 0[2-3] Flushing stale works (New work)
 [2014-10-22 14:02:07] KNC 1[3-0] Flushing stale works (New work)
 [2014-10-22 14:02:07] KNC 1[3-1] Flushing stale works (New work)
 [2014-10-22 14:02:08] KNC 1[3-2] Flushing stale works (New work)
 [2014-10-22 14:02:08] KNC 1[3-3] Flushing stale works (New work)
 [2014-10-22 14:02:12] Stratum from pool 0 detected new block
 [2014-10-22 14:02:13] KNC 0[2-0] Flushing stale works (New work)
 [2014-10-22 14:02:14] KNC 0[2-1] Flushing stale works (New work)
 [2014-10-22 14:02:14] KNC 0[2-2] Flushing stale works (New work)
 [2014-10-22 14:02:14] KNC 0[2-3] Flushing stale works (New work)
 [2014-10-22 14:02:14] KNC 1[3-0] Flushing stale works (New work)
 [2014-10-22 14:02:15] KNC 1[3-1] Flushing stale works (New work)
 [2014-10-22 14:02:15] KNC 1[3-2] Flushing stale works (New work)
 [2014-10-22 14:02:15] KNC 1[3-3] Flushing stale works (New work)
 [2014-10-22 14:02:18] Stratum from pool 0 detected new block
 [2014-10-22 14:02:19] KNC 0[2-0] Flushing stale works (New work)
 [2014-10-22 14:02:19] KNC 0[2-1] Flushing stale works (New work)
 [2014-10-22 14:02:19] KNC 0[2-2] Flushing stale works (New work)
 [2014-10-22 14:02:20] KNC 0[2-3] Flushing stale works (New work)
 [2014-10-22 14:02:20] KNC 1[3-0] Flushing stale works (New work)
 [2014-10-22 14:02:20] KNC 1[3-1] Flushing stale works (New work)
 [2014-10-22 14:02:21] KNC 1[3-2] Flushing stale works (New work)
 [2014-10-22 14:02:21] KNC 1[3-3] Flushing stale works (New work)
 [2014-10-22 14:02:25] KNC 0bgm[2:1:273]: Got nonce for unknown work in slot 10



And this is the mining with TITAN ..

fuc**n shit !

When they don't currently have any chips to build RMA replacements, they can't do RMAs. First batch chip yields were horrible, even KnC admitted as much. They are waiting for more while the unlucky customers lose money.

If you haven't signed up, please do so. Lets show KNC we mean business!!!

http://www.kncrefund.com/

Retweet to spread the word

https://twitter.com/KNCRefund

I'm so pissed too. They take our money and run? Where is my titan refund? Never got shipped one. But they are using our funds to build a multimillon dollar datacenter mining operation? WTF.

WE NEED TO SUE THIS COMPANY OUT OF BUSINESS AND HAVE THEIR 200 MILLION PLUS GIVEN BACK TO THE CUSTOMERS THAT THEIR MONEY WAS USED LIKE VC TO FUND THEIR CORRUPT OPERATION THEY CALL A LEGIT BUSINESS.

They think the moolah situation is bad??? Just wait, This one is sooooo much bigger and in dollars stolen, (I CONSIDER ALL THEIR PROFIT OURS, AS IT WAS ARE VC CAPTIAL THEY USED LYING TO US) and should be sued out of business.

Now that a few Titans have been in the field for a month, we are starting to get a feel for what the KNC RMA process is like. It isn't pretty.

kncnews.org/rma

Poorly planned and badly executed attempts at legal action against KNC could compromise subsequent attempts by more competent parties by setting legal precedent that KNC could use to later argue in their favor.

Retaining a competent Swedish lawyer who can review available information and provide sound advice on cost, strategy, timelines and probability of success is essential to a successful action.

Before this can be done, KNC customers need to organize and estimate the resources they have available to support the cost of proceeding. If adequate resources are available, then a plan needs to be created which:

a) Identifies a suitable escrow party to hold the funds
b) Identifies a strategy to select an appropriate legal representative in Sweden
c) Nominates one or more representatives to choose and coordinate with the Swedish legal advisor and communicate with participants
d) Identifies a decision making process whereby information obtained from the Swedish legal representative can be evaluated and a group decision made with respect to proceeding with or abandoning legal action against KNC
e) Identifies a methodology for distribution of responsibility for unplanned costs or, in the case of an adverse outcome, for any costs of a judgement against the group
f) Identifies a methodology for initiation of a collection action against KNC in the event of successful action
g) Identifies a methodology for equitable distribution of any such award

Personally, I don't see this likely to happen in this community. And I don't think individual attempts at actions against KNC are practical due to the costs involved. Maybe with luck the Swedish consumer protection agency will do the right thing and kick KNC around the block a few times and shame them badly and KNC will realize it is less costly to refund us than to embarrass the entire nation with their sociopathic behavior towards their customers.

Or maybe we'll get a good BTC crash around Xmas and it'll put KNC out of business permanently.

ambulance chasing in the crypto world.

Are they?
Their blog has precisely one entry, where they redefine their practice from what it was previously (DUI, employment and immigration matters) to now claim to be cryptocurrency specialists.
What else have they done?
(I say 'they', but this seems to actually be a single practitioner firm.)
KMC are not a US company and have no US presence to be sued. As such, the entire thing would seem to be a waste of time.

http://web.archive.org/web/20130601092918/http://lincharlotte.com/

http://lincharlotte.com/

http://kncclassaction.com/

One of these things is not like the others, one of these things is not quite the same.

Correct, but it lets you estimate how much does it cost them to build a Neptune since the number of coins each Neptune will generate can be easily estimated. Multiply the number of the coins by a number "significantly less than $400" and that is their production price of a Neptune.

He means that it costs them significantly less than the current BTC cost to mine a single BTC not that it costs less than $400 to make a neptune.

its crazy they are still looking for more fool people to finance their past broken promises and build
their new center...
I wonder how much cloud they have sold so much
Not me not buying anything from KNC again

I will wait until my jupiters become collectibles!!!

It is disgusting, considering that the customers financed them completely in the beginning, taking all risk on the R&D by paying up front.

Now that they have a massive venture capital injection, they've left us for dead.

Yep, makes my blood boil.

problem is the KNC does not PLAN to ever sell a physical equip product again ever.....thus is why they think they can get away with this last act of greed

hope I'm wrong but looks to me they are just gonna limp this along for 90 days say it works and walk/run to virtual miners and let the lawyers fight it out for the next 3 to 8 years

why I'm taking physical miner and then doing the email on 14 day return and then the de facto reject email from knc ...at that point I'll go thru the

list of various options /stuff posted in this forum for redress at that point..my thinking is you sue them or go after them before you get the product they likely will never even

send it ...the old BFL game...so junk it may be ..the Titan but I'll wait to have my own issues with it first ...then go thru the appropriate if futile gestures to get $$$ back

but by some accounts KNC has made 200 million in last year ...so I think we are basically just gonna be making lawyers rich for the foreseeable future...

the way KNC seems to have gone to the dark side I don't see them offering anything unless forced on their 90 day warranty no refund crap product....it seems a little to pat
and planned to go this way don't ya think in hindsight?

 

That's a good point!

I think something has changed in that respect. Guess it was bound to happen.

good call!

...and through all of this, kncminer hasn't received any negative trust?

 Me neither but please wait until I get my Neptune refund.  Aw f-it! Just grab a handful of doubloons for me while you're pillaging.  Actually is it considered pillaging if you're taking back what's rightfully yours?